Idex has reported a revenue dip last year but also points to the potential of its biometric card projects.The firm recorded revenues of NOK 0.4 million ($46,000) mainly from product sales in the fourthquarter of 2018, compared to NOK 1.2million in the corresponding period of 2017.For the full year of 2018, the revenues amounted to NOK 3.6 million including services amounting to NOK 1.4 million. The revenue was NOK 17.5 million in the same period of 2017 when IDEX made considerable shipments of sensors for use in mobile phones.The shipments in 2018 are chiefly related to cards and embedded products. The gross margin on sensor sales in the fourth quarter was 62%, while the gross margin for the full year of 2018was 31%.The firm said the gross margin at small volumes are not necessarily representative of the gross margin at mass volumes.Total operating expenses in the fourth quarter of 2018 amounted to NOK 61.5 million, compared to NOK 59.4 million in the fourth quarter of 2017. For the full year, the total operating expenses amounted to NOK 238.7 million in 2018 and NOK 245.3 million in 2017.”The reduction in expenses is mainly due to lower external development expenses compared to theprevious yearr, when some large development projects were completed. A larger share of the development work is now carried out by internal staff.”CEO Stan Swearingen commented:”The biometric smart card market is poised for significant growth and IDEX has now become a key player in this market. We made great progress in 2018 with our leading technologies and solutions and we are well positioned to create substantial long-term value for shareholders.”

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